The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1887-06-12
UNION PACIFIC IN BOSTON.
Progress of the "0Verhauling"-
An Interview With Mr.. Adams.

An Interview With Mr.. Adams.
BosToN, May 31.-The Union Pacific is
having thorough overhauling from
stem to stern, from clew to caring" 1t
Is being investigated from the laying of
its keel throughout its building, and to
the hauling of every rope that has trim
med its sails when propelled by propi-
tious breezes, jammed close on the wind,
or hove to in the financial hurricanes 1t
has encountered in It's eventful career
from the time it was constructed as an
ark of sa ETY. for the government until
this present day. It's enemies thought
that they had given it its death-blow
when they had procured an order for
this committee of investigation, which
they supposed would bring to light so
many negligences and sins that it would
be utterly condemned.
Never were consDirators more griey-
ously disappointed. The investigation
being ordered, no impediments were
thrown in the way by the president and
directors Of the road, and up to this
time, although mistakes have been
shown and are admitted, there has not
been the slightest evidence of fraud. The
bugbear of the Kansas Pacific, on which
its anniversaries relied more than on all
other things, to prove corruption, has
been etfectuauy disposed of. 1t has been
demonstrated that, although the shreWd
Nj. Gould made more than three millions
out of the transaction, the consolidation
was a matter of vital necessity to the
Union Pacific, and that without it it
could not have survived the competI-
ton. So, not great many years ago,
the Morris and Essex was a necessity
for the Delaware 81 Lackawanna. A
Well-known capitalist who was direc-
tor of the latter road, fOreseeing this,
bought up the stock of the Morris & Es-
sex at low rate, and then procured a
lease of it to his company. By this
means he made great deal of money
for himself in more questionable way
than Mr.. Gould made his three and a
half millions, but no one of the stock
holders of the Delaware. Lsckawanna e.
Western, has ever regretted the lease.
What further development there may
be in the present critical and exhaustive
analysis of the acts and motives of the
officials of the Union Pacific, of course
cannot be known, but thus far nothing
has been elected that was not known DE-
fore by most of its stockholders, and it |
is not likely that they will gain any fur |
ther information. But the general pub
lie has had the opportunity of learning |
great deal, and, when the committee !
makes its report, some new light will |
dawn upon Congress. Then the fair |
minded members of that body who can !
afford to be Indifferent to popular |
clamor, may be inclined to make some !
arrangement with the company which |
will be satisfactory to the government, |
and at the same time will relieve the |
Union Pacific Railroad from the perpet-
ual fear of impending legislation which
cramps its energies and prevents its ex-
pansion for its own benefit and for that
of vast extent of country that it will
then be able to open for the increase Of
population and wealth.
In the meantime all it's plans for the
future remain in allegiance. [ called
upon Mr.. Adams this morning and
found him in very patient and phIlo-
sophie frame of mind. Shall we see
You in Idaho this summer ?" | asked. Il
really don't know" he replied. You
see the road is out of my hands at pre-
sent. Perhaps the commission may 60
out that way and take me with them.
In that case we will call upon YOU"
How is this thing going to end ?" "Oh,
It will eud by and by. l want these gen.
slemen to get all the information there
IS to be had: all l desire is TO have de-
Unite settlement, and that we are en-
titled to-" What do you think of the
to fund the debt to the gov
at per cent. with 1 per cent.
IS an annual sinking fund.- II would
agree to that, and might offer more,
)nly I want it settled-settIed If the
would release US from all
IS claims, and not interfere with Us any
more, so that we could go on and spread
,ur lines, 1 would agi ee to pay down
low S35, 900 600 in gold as inality."
How would you get the money!" II
would get it easily enough. All that is
wanted is confidence, and that would
,e esta blished at once if the government
would agree to leave Us alone"
Your readers will give me credit for a |
pretty thorough acquaintance with the Y
Union Pacific Railroad, for they have {
leard from me from almost every sta I
ion of importance upon it, and upon its \
branches, where my business has led me 4
or the last fifteen years. l am not !
tockholder in the road and am under c
10 obligations to the company. There I
ore, can with all sincerity and impair {
iality commend the propositions which I
ave been made for definite and ire Z
ocable settlement of the claims which 4
he government has against it. When F
his is accomplished the road will not c
My develop itself, tut it will make av- :
liable to commerce and 10 the people a S
asst mining region in Phoebe now almost a
inaccessible, and will extend itself to he 4
ruit belt of Southern California, direct z
nd speedy communicate with which a
J so much needed BY the people of the P